In brief
- Morgan Stanley submitted S-1 forms for spot Bitcoin and Solana ETFs pending regulatory approval.
- The funds will be passive investment vehicles tracking cryptocurrency prices without yet naming custodians or fees.
- Bitcoin ETFs now hold $119 billion in assets, while Solana ETFs have emerged as a newer investment category since October.
Wall Street titan Morgan Stanley submitted registrations for spot Bitcoin and Solana exchange-traded products early Tuesday morning.
At the time of writing, Bitcoin had gained nearly 1% in the past day and was changing hands for $94,187. Meanwhile, Solana had bumped up nearly 6% to trade for about $143.
“Morgan Stanley Bitcoin Trust and Morgan Stanley Solana Trust are pending regulatory approval and would be passive investment vehicles that seek to track the performance of the price of the relevant cryptocurrency,” the bank wrote in a press release.
The S-1 forms don’t yet list custodians or crypto counterparties, who the bank says will manage the U.S. dollar-to-BTC and -SOL conversions on its behalf. The bank didn’t immediately respond to a request for comment from Decrypt.
The registration form describes the funds’ fee structures, but doesn’t yet specify what those fees will be. Unlike some of its competitors, the Morgan Stanley fund is making use of the bank’s name without relying on a joint venture or white-label sponsor.
For example, the ARK 21Shares Bitcoin ETF is a joint venture that uses Cathie Wood’s Ark Invest investment firm for distribution, branding, and portfolio strategy, and 21Shares for the crypto infrastructure.
Bitcoin ETFs first began trading in January 2024. In the past couple days, BlackRock’s iShares Bitcoin Trust has seen its biggest inflows in the past three months as the price of Bitcoin surged from its holiday lull. Analysts have credited that to Bitcoin portfolio rebalancing while institutional investors priced in three more years of Trump’s “America First” policy.
Bitcoin ETFs have grown to account for $119 billion worth of assets under management, with BlackRock’s IBIT accounting for $72.8 billion worth of holdings.
Solana ETFs are a newer cohort, after the Bitwise’s Solana ETF hit U.S. exchanges in October 2025. It’s since been joined by the VanEck Solana ETF, Fidelity Solana Fund, and Grayscale Solana Trust ETF.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A certain whale closed a 5.6 million USD crude oil short position and flipped to long, with total long positions across three major markets reaching 63 million USD.
On March 19th, influenced by rising crude oil and pullbacks in US stocks and crypto markets, address 0x8af closed out a $5.6 million crude oil short position and reversed to open a long position, shifting to a bullish stance with total positions reaching $63 million. Overall floating profits decreased by approximately $1.5 million. Main holdings include long positions in XYZ100, BTC, and WTI crude oil.
GateNews11m ago
Next Pepe Coin: Why Pepeto Is the Project Investors Are Rushing Into, as Riot Sells $200M Bitcoin for AI and the Market Shifts Fast
Riot Platforms just sold $200 million worth of Bitcoin to fund a pivot into AI data centers. This strategic move shows how the largest players in the market are rotating capital into the intelligence economy. When major mining companies sell Bitcoin to chase AI, it proves that the smartest
CaptainAltcoin34m ago
